United States Economic Inequality
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== Inequality ==
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Nadeenosman
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/* Inequality */
wikitext
text/x-wiki
== Inequality ==
Inequality refers to the condition or state of being unequal or having disparities between individuals, groups, or communities in terms of various aspects, such as wealth, income, opportunities, education, health, and social status. It is a measure of the differences in resources, opportunities, and outcomes among different members of a society or within a specific population.
There are various forms of inequality, including economic inequality, social inequality, educational inequality, health inequality and environmental inequality. All of these different types can have significant implications for social cohesion, economic growth, and overall well-being within a society. Addressing inequality often involves implementing policies and initiatives aimed at reducing disparities, promoting equal opportunities, and ensuring equitable access to resources and services for all members of the population.
=== Income Inequality ===
Income inequality refers to the unequal distribution of income among individuals or households within a specific population or country. It is a measure of the disparities in the earnings or income levels of different segments of the population. High income inequality indicates that a small portion of the population holds a significant share of the total income, while the majority receives a smaller portion.
Income inequality in America has been a persistent and contentious issue over the past few decades. The United States has one of the highest levels of income inequality among developed countries. Several factors contribute to this growing gap between the wealthy and the rest of the population:
* '''Technological Advancements & Globalization''': Technological advancements and globalization have reshaped the economy, leading to a shift in demand for skilled labor. Those with advanced technical skills and education have seen their incomes rise, while those with lower-skilled jobs have experienced stagnant wages or job losses due to outsourcing and automation.
* '''Wage Stagnation for the Middle and Lower Classes''': Despite overall economic growth, wages for middle and lower-income workers have not kept up with inflation and productivity gains. Real wage growth for the majority of workers has been sluggish, while the top earners have seen substantial increases in their earnings.
* '''Decline in Unionization''': Union membership in the United States has declined over the years, reducing the collective bargaining power of workers. Unions historically played a significant role in negotiating higher wages and better working conditions for their members, contributing to a more equitable distribution of income.
* '''Education and Skills Gap''': The earnings gap between those with college degrees and those without has widened. Access to quality education and skills training plays a crucial role in determining individuals' earning potential. Those without access to higher education or specialized skills often face limited economic opportunities.
* '''Tax Policies and Capital Income''': The U.S. tax system has become less progressive over time, with tax cuts benefiting high-income earners and corporations. Capital income, such as dividends and capital gains, often receives preferential tax treatment, enabling the wealthy to accumulate wealth at a faster rate.
* '''Wealth Concentration & Inheritance''': Wealthy families can pass down their resources through inheritance, perpetuating economic advantages across generations. This concentration of wealth can lead to the creation of dynastic wealth, further exacerbating income inequality.
* '''Racial & Gender Disparities''': Income inequality intersects with racial and gender disparities, with women and people of color facing additional barriers to accessing high-paying jobs and career advancement opportunities.
* '''Corporate Influence & Market Concentration''': Some argue that market concentration and the growing influence of large corporations have contributed to wage suppression and reduced competition in various industries, leading to higher profits for a select few.
* '''Changes in Social Safety Net Programs''': Changes in social safety net programs and welfare policies result in reduced support for low-income individuals and families, making it harder for them to escape poverty.
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2023-08-01T23:55:01Z
Nadeenosman
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/* Inequality */
wikitext
text/x-wiki
== Inequality ==
Inequality refers to the condition or state of being unequal or having disparities between individuals, groups, or communities in terms of various aspects, such as wealth, income, opportunities, education, health, and social status. It is a measure of the differences in resources, opportunities, and outcomes among different members of a society or within a specific population.
There are various forms of inequality, including economic inequality, social inequality, educational inequality, health inequality and environmental inequality. All of these different types can have significant implications for social cohesion, economic growth, and overall well-being within a society. Addressing inequality often involves implementing policies and initiatives aimed at reducing disparities, promoting equal opportunities, and ensuring equitable access to resources and services for all members of the population.
=== Income Inequality ===
Income inequality refers to the unequal distribution of income among individuals or households within a specific population or country. It is a measure of the disparities in the earnings or income levels of different segments of the population. High income inequality indicates that a small portion of the population holds a significant share of the total income, while the majority receives a smaller portion.
Income inequality in America has been a persistent and contentious issue over the past few decades. The United States has one of the highest levels of income inequality among developed countries. Several factors contribute to this growing gap between the wealthy and the rest of the population:
* '''Technological Advancements & Globalization''': Technological advancements and globalization have reshaped the economy, leading to a shift in demand for skilled labor. Those with advanced technical skills and education have seen their incomes rise, while those with lower-skilled jobs have experienced stagnant wages or job losses due to outsourcing and automation.
* '''Wage Stagnation for the Middle and Lower Classes''': Despite overall economic growth, wages for middle and lower-income workers have not kept up with inflation and productivity gains. Real wage growth for the majority of workers has been sluggish, while the top earners have seen substantial increases in their earnings.
* '''Decline in Unionization''': Union membership in the United States has declined over the years, reducing the collective bargaining power of workers. Unions historically played a significant role in negotiating higher wages and better working conditions for their members, contributing to a more equitable distribution of income.
* '''Education and Skills Gap''': The earnings gap between those with college degrees and those without has widened. Access to quality education and skills training plays a crucial role in determining individuals' earning potential. Those without access to higher education or specialized skills often face limited economic opportunities.
* '''Tax Policies and Capital Income''': The U.S. tax system has become less progressive over time, with tax cuts benefiting high-income earners and corporations. Capital income, such as dividends and capital gains, often receives preferential tax treatment, enabling the wealthy to accumulate wealth at a faster rate.
* '''Wealth Concentration & Inheritance''': Wealthy families can pass down their resources through inheritance, perpetuating economic advantages across generations. This concentration of wealth can lead to the creation of dynastic wealth, further exacerbating income inequality.
* '''Racial & Gender Disparities''': Income inequality intersects with racial and gender disparities, with women and people of color facing additional barriers to accessing high-paying jobs and career advancement opportunities.
* '''Corporate Influence & Market Concentration''': Some argue that market concentration and the growing influence of large corporations have contributed to wage suppression and reduced competition in various industries, leading to higher profits for a select few.
* '''Changes in Social Safety Net Programs''': Changes in social safety net programs and welfare policies result in reduced support for low-income individuals and families, making it harder for them to escape poverty.
=== Gini Coefficient ===
The Gini Coefficient, often referred to as the Gini index, is a statistical measure used to quantify income or wealth inequality within a specific population or country. It was developed by the Italian statistician Corrado Gini in 1912 and is widely used to assess the degree of economic inequality in various societies.
The Gini coefficient ranges from 0 to 1, where:
* 0 represents perfect equality, where every individual or household has the same income or wealth. In this case, there is no income or wealth disparity among the population, and everyone shares an equal portion of the total.
* 1 represents perfect inequality, where all the income or wealth is concentrated in the hands of a single individual or household, and everyone else has no income or wealth.
A Gini coefficient closer to 0 indicates a more equal distribution of income or wealth, while a Gini coefficient closer to 1 suggests a higher level of inequality.
The Gini coefficient is a useful tool for policymakers, economists, and researchers to understand and compare income or wealth disparities between different countries or regions. It provides a numerical representation of inequality, helping to assess the effectiveness of policies aimed at reducing disparities and promoting more equitable economic outcomes.
==== United States Income Inequality ====
As of 2019, the United States ranks 46th globally, with a Gini coefficient of 41.5, according to the World Bank. This is the national Gini coefficient, but each of the 50 states has a Gini coefficient that is greater than this.
[[
[[File:Gini Coefficient 2021.svg|thumb]]
]]
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2023-08-01T23:55:52Z
Nadeenosman
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/* Inequality */
wikitext
text/x-wiki
== Inequality ==
Inequality refers to the condition or state of being unequal or having disparities between individuals, groups, or communities in terms of various aspects, such as wealth, income, opportunities, education, health, and social status. It is a measure of the differences in resources, opportunities, and outcomes among different members of a society or within a specific population.
There are various forms of inequality, including economic inequality, social inequality, educational inequality, health inequality and environmental inequality. All of these different types can have significant implications for social cohesion, economic growth, and overall well-being within a society. Addressing inequality often involves implementing policies and initiatives aimed at reducing disparities, promoting equal opportunities, and ensuring equitable access to resources and services for all members of the population.
=== Income Inequality ===
Income inequality refers to the unequal distribution of income among individuals or households within a specific population or country. It is a measure of the disparities in the earnings or income levels of different segments of the population. High income inequality indicates that a small portion of the population holds a significant share of the total income, while the majority receives a smaller portion.
Income inequality in America has been a persistent and contentious issue over the past few decades. The United States has one of the highest levels of income inequality among developed countries. Several factors contribute to this growing gap between the wealthy and the rest of the population:
* '''Technological Advancements & Globalization''': Technological advancements and globalization have reshaped the economy, leading to a shift in demand for skilled labor. Those with advanced technical skills and education have seen their incomes rise, while those with lower-skilled jobs have experienced stagnant wages or job losses due to outsourcing and automation.
* '''Wage Stagnation for the Middle and Lower Classes''': Despite overall economic growth, wages for middle and lower-income workers have not kept up with inflation and productivity gains. Real wage growth for the majority of workers has been sluggish, while the top earners have seen substantial increases in their earnings.
* '''Decline in Unionization''': Union membership in the United States has declined over the years, reducing the collective bargaining power of workers. Unions historically played a significant role in negotiating higher wages and better working conditions for their members, contributing to a more equitable distribution of income.
* '''Education and Skills Gap''': The earnings gap between those with college degrees and those without has widened. Access to quality education and skills training plays a crucial role in determining individuals' earning potential. Those without access to higher education or specialized skills often face limited economic opportunities.
* '''Tax Policies and Capital Income''': The U.S. tax system has become less progressive over time, with tax cuts benefiting high-income earners and corporations. Capital income, such as dividends and capital gains, often receives preferential tax treatment, enabling the wealthy to accumulate wealth at a faster rate.
* '''Wealth Concentration & Inheritance''': Wealthy families can pass down their resources through inheritance, perpetuating economic advantages across generations. This concentration of wealth can lead to the creation of dynastic wealth, further exacerbating income inequality.
* '''Racial & Gender Disparities''': Income inequality intersects with racial and gender disparities, with women and people of color facing additional barriers to accessing high-paying jobs and career advancement opportunities.
* '''Corporate Influence & Market Concentration''': Some argue that market concentration and the growing influence of large corporations have contributed to wage suppression and reduced competition in various industries, leading to higher profits for a select few.
* '''Changes in Social Safety Net Programs''': Changes in social safety net programs and welfare policies result in reduced support for low-income individuals and families, making it harder for them to escape poverty.
=== Gini Coefficient ===
The Gini Coefficient, often referred to as the Gini index, is a statistical measure used to quantify income or wealth inequality within a specific population or country. It was developed by the Italian statistician Corrado Gini in 1912 and is widely used to assess the degree of economic inequality in various societies.
The Gini coefficient ranges from 0 to 1, where:
* 0 represents perfect equality, where every individual or household has the same income or wealth. In this case, there is no income or wealth disparity among the population, and everyone shares an equal portion of the total.
* 1 represents perfect inequality, where all the income or wealth is concentrated in the hands of a single individual or household, and everyone else has no income or wealth.
A Gini coefficient closer to 0 indicates a more equal distribution of income or wealth, while a Gini coefficient closer to 1 suggests a higher level of inequality.
The Gini coefficient is a useful tool for policymakers, economists, and researchers to understand and compare income or wealth disparities between different countries or regions. It provides a numerical representation of inequality, helping to assess the effectiveness of policies aimed at reducing disparities and promoting more equitable economic outcomes.
==== United States Income Inequality ====
As of 2019, the United States ranks 46th globally, with a Gini coefficient of 41.5, according to the World Bank. This is the national Gini coefficient, but each of the 50 states has a Gini coefficient that is greater than this.
[[
[[File:Gini Coefficient 2021.svg|frame]]
]]
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2023-08-01T23:56:29Z
Nadeenosman
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/* Inequality */
wikitext
text/x-wiki
== Inequality ==
Inequality refers to the condition or state of being unequal or having disparities between individuals, groups, or communities in terms of various aspects, such as wealth, income, opportunities, education, health, and social status. It is a measure of the differences in resources, opportunities, and outcomes among different members of a society or within a specific population.
There are various forms of inequality, including economic inequality, social inequality, educational inequality, health inequality and environmental inequality. All of these different types can have significant implications for social cohesion, economic growth, and overall well-being within a society. Addressing inequality often involves implementing policies and initiatives aimed at reducing disparities, promoting equal opportunities, and ensuring equitable access to resources and services for all members of the population.
=== Income Inequality ===
Income inequality refers to the unequal distribution of income among individuals or households within a specific population or country. It is a measure of the disparities in the earnings or income levels of different segments of the population. High income inequality indicates that a small portion of the population holds a significant share of the total income, while the majority receives a smaller portion.
Income inequality in America has been a persistent and contentious issue over the past few decades. The United States has one of the highest levels of income inequality among developed countries. Several factors contribute to this growing gap between the wealthy and the rest of the population:
* '''Technological Advancements & Globalization''': Technological advancements and globalization have reshaped the economy, leading to a shift in demand for skilled labor. Those with advanced technical skills and education have seen their incomes rise, while those with lower-skilled jobs have experienced stagnant wages or job losses due to outsourcing and automation.
* '''Wage Stagnation for the Middle and Lower Classes''': Despite overall economic growth, wages for middle and lower-income workers have not kept up with inflation and productivity gains. Real wage growth for the majority of workers has been sluggish, while the top earners have seen substantial increases in their earnings.
* '''Decline in Unionization''': Union membership in the United States has declined over the years, reducing the collective bargaining power of workers. Unions historically played a significant role in negotiating higher wages and better working conditions for their members, contributing to a more equitable distribution of income.
* '''Education and Skills Gap''': The earnings gap between those with college degrees and those without has widened. Access to quality education and skills training plays a crucial role in determining individuals' earning potential. Those without access to higher education or specialized skills often face limited economic opportunities.
* '''Tax Policies and Capital Income''': The U.S. tax system has become less progressive over time, with tax cuts benefiting high-income earners and corporations. Capital income, such as dividends and capital gains, often receives preferential tax treatment, enabling the wealthy to accumulate wealth at a faster rate.
* '''Wealth Concentration & Inheritance''': Wealthy families can pass down their resources through inheritance, perpetuating economic advantages across generations. This concentration of wealth can lead to the creation of dynastic wealth, further exacerbating income inequality.
* '''Racial & Gender Disparities''': Income inequality intersects with racial and gender disparities, with women and people of color facing additional barriers to accessing high-paying jobs and career advancement opportunities.
* '''Corporate Influence & Market Concentration''': Some argue that market concentration and the growing influence of large corporations have contributed to wage suppression and reduced competition in various industries, leading to higher profits for a select few.
* '''Changes in Social Safety Net Programs''': Changes in social safety net programs and welfare policies result in reduced support for low-income individuals and families, making it harder for them to escape poverty.
=== Gini Coefficient ===
The Gini Coefficient, often referred to as the Gini index, is a statistical measure used to quantify income or wealth inequality within a specific population or country. It was developed by the Italian statistician Corrado Gini in 1912 and is widely used to assess the degree of economic inequality in various societies.
The Gini coefficient ranges from 0 to 1, where:
* 0 represents perfect equality, where every individual or household has the same income or wealth. In this case, there is no income or wealth disparity among the population, and everyone shares an equal portion of the total.
* 1 represents perfect inequality, where all the income or wealth is concentrated in the hands of a single individual or household, and everyone else has no income or wealth.
A Gini coefficient closer to 0 indicates a more equal distribution of income or wealth, while a Gini coefficient closer to 1 suggests a higher level of inequality.
The Gini coefficient is a useful tool for policymakers, economists, and researchers to understand and compare income or wealth disparities between different countries or regions. It provides a numerical representation of inequality, helping to assess the effectiveness of policies aimed at reducing disparities and promoting more equitable economic outcomes.
==== Gini Coefficient by State ====
As of 2019, the United States ranks 46th globally, with a Gini coefficient of 41.5, according to the World Bank. This is the national Gini coefficient, but each of the 50 states has a Gini coefficient that is greater than this.
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2023-08-02T00:00:07Z
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/* Gini Coefficient by State */
wikitext
text/x-wiki
== Inequality ==
Inequality refers to the condition or state of being unequal or having disparities between individuals, groups, or communities in terms of various aspects, such as wealth, income, opportunities, education, health, and social status. It is a measure of the differences in resources, opportunities, and outcomes among different members of a society or within a specific population.
There are various forms of inequality, including economic inequality, social inequality, educational inequality, health inequality and environmental inequality. All of these different types can have significant implications for social cohesion, economic growth, and overall well-being within a society. Addressing inequality often involves implementing policies and initiatives aimed at reducing disparities, promoting equal opportunities, and ensuring equitable access to resources and services for all members of the population.
=== Income Inequality ===
Income inequality refers to the unequal distribution of income among individuals or households within a specific population or country. It is a measure of the disparities in the earnings or income levels of different segments of the population. High income inequality indicates that a small portion of the population holds a significant share of the total income, while the majority receives a smaller portion.
Income inequality in America has been a persistent and contentious issue over the past few decades. The United States has one of the highest levels of income inequality among developed countries. Several factors contribute to this growing gap between the wealthy and the rest of the population:
* '''Technological Advancements & Globalization''': Technological advancements and globalization have reshaped the economy, leading to a shift in demand for skilled labor. Those with advanced technical skills and education have seen their incomes rise, while those with lower-skilled jobs have experienced stagnant wages or job losses due to outsourcing and automation.
* '''Wage Stagnation for the Middle and Lower Classes''': Despite overall economic growth, wages for middle and lower-income workers have not kept up with inflation and productivity gains. Real wage growth for the majority of workers has been sluggish, while the top earners have seen substantial increases in their earnings.
* '''Decline in Unionization''': Union membership in the United States has declined over the years, reducing the collective bargaining power of workers. Unions historically played a significant role in negotiating higher wages and better working conditions for their members, contributing to a more equitable distribution of income.
* '''Education and Skills Gap''': The earnings gap between those with college degrees and those without has widened. Access to quality education and skills training plays a crucial role in determining individuals' earning potential. Those without access to higher education or specialized skills often face limited economic opportunities.
* '''Tax Policies and Capital Income''': The U.S. tax system has become less progressive over time, with tax cuts benefiting high-income earners and corporations. Capital income, such as dividends and capital gains, often receives preferential tax treatment, enabling the wealthy to accumulate wealth at a faster rate.
* '''Wealth Concentration & Inheritance''': Wealthy families can pass down their resources through inheritance, perpetuating economic advantages across generations. This concentration of wealth can lead to the creation of dynastic wealth, further exacerbating income inequality.
* '''Racial & Gender Disparities''': Income inequality intersects with racial and gender disparities, with women and people of color facing additional barriers to accessing high-paying jobs and career advancement opportunities.
* '''Corporate Influence & Market Concentration''': Some argue that market concentration and the growing influence of large corporations have contributed to wage suppression and reduced competition in various industries, leading to higher profits for a select few.
* '''Changes in Social Safety Net Programs''': Changes in social safety net programs and welfare policies result in reduced support for low-income individuals and families, making it harder for them to escape poverty.
=== Gini Coefficient ===
The Gini Coefficient, often referred to as the Gini index, is a statistical measure used to quantify income or wealth inequality within a specific population or country. It was developed by the Italian statistician Corrado Gini in 1912 and is widely used to assess the degree of economic inequality in various societies.
The Gini coefficient ranges from 0 to 1, where:
* 0 represents perfect equality, where every individual or household has the same income or wealth. In this case, there is no income or wealth disparity among the population, and everyone shares an equal portion of the total.
* 1 represents perfect inequality, where all the income or wealth is concentrated in the hands of a single individual or household, and everyone else has no income or wealth.
A Gini coefficient closer to 0 indicates a more equal distribution of income or wealth, while a Gini coefficient closer to 1 suggests a higher level of inequality.
The Gini coefficient is a useful tool for policymakers, economists, and researchers to understand and compare income or wealth disparities between different countries or regions. It provides a numerical representation of inequality, helping to assess the effectiveness of policies aimed at reducing disparities and promoting more equitable economic outcomes.
==== Gini Coefficient by State ====
As of 2019, the United States ranks 46th globally, with a Gini coefficient of 41.5, according to the World Bank. This is the national Gini coefficient, but each of the 50 states has a Gini coefficient that is greater than this.
[[File:Gini Coefficient 2021png.png|thumb]]
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File:Gini Coefficient 2021.svg
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Nadeenosman
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Mapping Income Inequality Across America: Gini Coefficients of the 50 States
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File:Gini Coefficient 2021png.png
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,mmm
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Blanked the page
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User talk:Nadeenosman
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2023-08-02T18:35:28Z
PercyUK
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Created page with "==OpenStreetMap== Hi, One app which you may like to use is [https://maps.extension.wiki/wiki/Displaying_Leaflet_maps OpenStreetMap] It is preloaded but needs enabling (switched on) to use. Click "Maps" halfway down this page [[Special:ManageWiki/extensions#mw-section-parserhooks]] I have Maps enabled on my private wiki and this is a basic example <pre> A Gini coefficient closer to 1 suggests a higher level of inequality. The highest 10 states 2019 {{#display_map: New..."
wikitext
text/x-wiki
==OpenStreetMap==
Hi, One app which you may like to use is [https://maps.extension.wiki/wiki/Displaying_Leaflet_maps OpenStreetMap]
It is preloaded but needs enabling (switched on) to use. Click "Maps" halfway down this page
[[Special:ManageWiki/extensions#mw-section-parserhooks]]
I have Maps enabled on my private wiki and this is a basic example
<pre>
A Gini coefficient closer to 1 suggests a higher level of inequality.
The highest 10 states 2019
{{#display_map:
New York state ~ 1 New York;
District of Columbia ~ 2 District of Columbia;
Connecticut ~ 3 Connecticut;
Louisiana ~ 4 Louisiana;
Mississippi ~ 5 Mississippi;
California ~ 6 California;
Florida ~ 7 Florida;
Massachusetts ~ 8 Massachusetts;
Illinois ~ 9 Illinois;
Georgia ~ 10 Georgia;
}}
</pre>
- [[User:PercyUK|PercyUK]] ([[User talk:PercyUK|talk]]) 18:35, 2 August 2023 (UTC)
5a9e35d244112f1d2148e7a340f43a5bdcaa2e17